Latest Farm Out News

Boom Logistics has secured an expected $18 million, 35-week contract to provide crane services for Neoen’s 179 MW Narrogin Wind Farm in Western Australia. The award gives its FY27 wind division an early revenue platform, although the announcement does not disclose margins or earnings contribution.

Metal Hawk’s Leinster South project produced its strongest drilling results yet, led by a 9-metre intersection grading 12.3g/t gold at the Numbat lode. But the FY26 annual report also flags a material uncertainty over going concern, despite a subsequent $1.2 million placement.

Kantra Copper says laboratory testing achieved copper recoveries above 90% and gold recoveries above 50% from Coburn mineralisation using the existing Kanmantoo processing flowsheet. The result reduces a key metallurgical risk in the Pre-Feasibility Study, although rail logistics and deposit variability remain unresolved.

88 Energy says multiple bids have been received for a farm-out of its South Prudhoe Project, with negotiations continuing toward a preferred partner. Preparations for the Augusta-1 exploration well are advancing, but the planned Q1 2027 spud still depends on farm-out completion and financing.

EcoGraf has completed a A$4.727 million capital raising to support debt financing and development work at its Epanko graphite project in Tanzania. The raise combines a shareholder-backed SPP with a discounted placement to institutional and sophisticated investors.

NewPeak Metals has confirmed two more than 650-metre polymetallic intercepts at Las Opeñas in Argentina, with gold grades increasing towards an untested southwestern target. Phase 2 drilling is due to begin in mid-October, although the explorer reported only 0.81 quarters of funding at its current expenditure rate.

Sigma Lithium says a Federal Court of Appeals decision has restored the environmental licences supporting its Grota do Cirilo operation, allowing mining and processing to resume. The company has also reaffirmed its target of reaching 330,000 tonnes of annualised lithium oxide concentrate production by year-end 2027.

LGI Limited (ASX:LGI) is buying two operating Queensland solar farms for $22 million, adding 42MW of export capacity at a price below the company’s stated greenfield replacement cost. The transaction lifts LGI’s targeted medium-term renewable and dispatchable capacity pipeline beyond 120MW, although the projected earnings contribution depends on electricity prices, synergies and software integration.

Helios Energy has posted a A$23.1 million FY2026 loss after writing off A$21.35 million in exploration assets. Its Presidio project retains a 17.5 million-barrel-of-oil-equivalent 2C contingent resource estimate, but the company warns that continued operations depend on further funding.

Noronex Limited (ASX:NRX) swung to a A$1.145 million statutory profit in FY2026, but the result was driven mainly by tenement disposal gains while operating cash outflows increased sharply. The auditor also highlighted material uncertainty over the explorer’s ability to continue without further funding.

West Coast Silver has crossed from explorer to resource-stage company after defining 2.795 million ounces of contained silver at Elizabeth Hill. The project has generated strong drilling results and fresh funding, but the company remains loss-making and yet to establish an economic development case.

EcoGraf’s underwritten share purchase plan raised $3.552 million, well above its $2 million target, after shareholders applied for the full oversubscription. The result gives the company additional funding while leaving the final issue price and dilution to be confirmed.